Govt approves 100% FDI in defence, aviation sectors
In
a bid to soothe nerves of foreign investors shaken by the impending exit of RBI
chairman Raghuram Rajan, the government on Monday approved 100% Foreign Direct
Investment (FDI) in defence and aviation sectors.
FDI
limit for defence sector has also been made applicable to Manufacturing of
Small Arms and Ammunitions covered under Arms Act 1959.
The
government also approved up to 49% FDI in Private Security Agencies under
automatic route and FDI beyond 49-74% will be permitted with government approval.
Cadila acquires two ANDAs from Teva
Pharma
major, Zydus Cadila has announced that its arm Zydus Worldwide DMCC has
acquired two ANDAs from Teva that are being divested by Teva as a pre-condition
to its acquisition of Allergan's generic business.
The
company has strengthened its US portfolio with the acquisition of two ANDAs
from Teva that are being divested by Teva as a pre-condition to its acquisition
of Allergan's generic business.
Government likely to relax FDI norms in brownfield pharma companies
Government likely to relax FDI norms in brownfield pharma
companies; could allow 49% FDI via automatic route – Long term positive for the
sector.
Government is considering a proposal to relax foreign direct
investment (FDI) norms in existing pharmaceutical companies with a view to
attracting more overseas inflows.
Coal India subsidiary Central Coalfields approves buyback of
shares
Coal India subsidiary Central Coalfields approves buyback of
shares worth Rs1128 Cr.
The street expects the step as positive indicator for buyback from
Coal India- positive read thru for Coal India.
OIL, IOCL and BPCL sign agreement to acquire 23.9% shares of
Rosneft
Oil India led consortium of OIL, IOCL and BPCL have signed a
definitive agreement to acquire 23.9% shares of Rosneft Oil Company. Rosneft
Oil Company is owner of Vankor and North Vankor field.
Vankor is Russia’s second largest field by production and in 2015
it produced 22 MT of Oil and 8.71 BCM of natural gas.
Get real time advice for , Share Market Tips Intraday Trading Tips , Intraday Market Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips , Equity Tips and all Maket Updates .
Market updates are very interesting and very helpful to understand the market conditions. Traders can get free trading tips from Epic Research.
ReplyDelete